Short Interest in First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) Declines By 43.8%

First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) was the recipient of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totalling 900 shares, a decrease of 43.8% from the May 31st total of 1,600 shares. Based on an average daily trading volume, of 2,000 shares, the days-to-cover ratio is presently 0.5 days.

Hedge Funds Weigh In On First Trust S-Network Future Vehicles & Technology ETF

An institutional investor recently bought a new position in First Trust S-Network Future Vehicles & Technology ETF stock. Global Retirement Partners LLC acquired a new stake in First Trust S-Network Future Vehicles & Technology ETF (NASDAQ:CARZ) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,854 shares of the exchange traded fund’s stock, valued at approximately $153,000. Global Retirement Partners LLC owned approximately 0.38% of First Trust S-Network Future Vehicles & Technology ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

First Trust S-Network Future Vehicles & Technology ETF Stock Performance

First Trust S-Network Future Vehicles & Technology ETF stock traded down $0.36 during midday trading on Friday, hitting $58.42. 549 shares of the company were exchanged, compared to its average volume of 2,186. The business has a fifty day simple moving average of $58.28 and a two-hundred day simple moving average of $57.13. The firm has a market capitalization of $37.97 million, a PE ratio of 17.65 and a beta of 1.27. First Trust S-Network Future Vehicles & Technology ETF has a fifty-two week low of $46.26 and a fifty-two week high of $60.30.

First Trust S-Network Future Vehicles & Technology ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were paid a dividend of $0.2658 per share. The ex-dividend date was Thursday, June 27th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 1.82%.

First Trust S-Network Future Vehicles & Technology ETF Company Profile

The First Trust S-Network Future Vehicles & Technology ETF (CARZ) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an index that provides exposure to electric and autonomous vehicles and the technology essential for the supply and production of these vehicles.